Housing Trust Fund
To expand and preserve the supply of affordable housing, particularly rental housing, for extremely low-income and very low income households.
General information about this opportunity
Last Known Status
Assistant Secretary For Community Planning and Development, Department of Housing and Urban Development
Type(s) of Assistance Offered
A - Formula Grants
The Housing and Economic Recovery Act of 2008, Section 1131, Public Law 110-289
Who is eligible to apply/benefit from this assistance?
States as defined in 24 CFR 93.2 are eligible to receive formula allocations. Insular areas also may receive formula funds.
At least 75 percent of funds must be used for extremely low-income families, or families with incomes at or below the poverty line (whichever is greater), unless the allocation is below $1 billion, at which point 100 percent of the funds must be used for extremely low-income families.
States must certify they will meet program requirements.
What is the process for applying and being award this assistance?
Preapplication coordination is required. Grantees are required to comply with the requirements of 24 CFR Part 91.
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for signature.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
HTF allocation plans must be submitted by August 16, 2019.
Each year grantees are required to submit an HTF allocation plan as part of their annual action plan and certifications.
How are proposals selected?
How may assistance be used?
For use by States for the rehabilitation or new construction of rental and homebuyer housing.
What are the requirements after being awarded this opportunity?
HTF grantees are required to report financial information and programmatic accomplishments in HUD's integrated disbursement and Information data system. The HUD Field Office will conduct monitoring of projects.
Records which enable HUD to determine whether the Housing Trust Fund has met the requirements of the program must be kept for the most recent five year period. Those records required to document the period of affordability must be maintained for five years beyond the required period of affordability.
Other Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Part 93 Subpart B Public Law 110-289
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Once drawn down, funds must be expended within fifteen days. All funds must be committed to projects within 24 months and expended within 5 years. Funds are expended as needed to complete the project.
Who do I contact about this opportunity?
Regional or Local Office
Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
451 7th Street SW, room 7164
Washington, DC 20410 US
(Formula Grants) FY 18$266,775,403.00; FY 19 est $247,526,787.00; FY 20 est $0.00; FY 17$217,084,000.00; -
Range and Average of Financial Assistance
$90,138 to $32,376,690; average is $4,670,371.
Regulations, Guidelines and Literature
24 CFR Part 93.
Examples of Funded Projects